Form 8-K - Current report
October 05 2023 - 4:45PM
Edgar (US Regulatory)
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2023-10-05
2023-10-05
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October
5, 2023 (September 29, 2023)
EIGHTCO
HOLDINGS INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
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001-41033 |
|
87-2755739 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
of
incorporation) |
|
File Number) |
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Identification No.) |
200
9th Avenue North, Suite
220
Safety Harbor, Florida |
|
34695 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area
code: (888) 765-8933
(Former name or former address, if changed since last
report)
Not Applicable
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.001 par value |
|
OCTO |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of Delisting or Failure to Satisfy
a Continued Listing Rule or Standard; Transfer of Listing
On September 29, 2023, Eightco Holdings Inc. (NASDAQ:
OCTO) (the “Company”) received a written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”)
that the Company is not in compliance with the minimum bid price requirement of $1.00 per share set forth in Nasdaq Rules for continued
listing on Nasdaq.
Based on the closing bid price of the Company’s
listed securities for the 31 consecutive business days from August 16, 2023 to September 28, 2023, the Company no longer meets the minimum
bid price requirement set forth in Listing Rule 5550(a)(2). The Notice is only a notification of deficiency, not of imminent delisting,
and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company has been provided 180 calendar days, or until March 27, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To
regain compliance, the Company’s common shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business
days.
The Company intends to resolve the deficiency and
regain compliance with the Listing Rules; however, there is no guaranty that the Company will be able to do so. Ultimately, if the Company
is not able to resolve the deficiency and regain compliance with the Listing Rules, the Company’s common stock may be delisted.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: |
October 5, 2023 |
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Eightco Holdings Inc. |
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By: |
/s/ Brian McFadden |
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Name: |
Brian McFadden |
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Title: |
Chief Executive Officer |
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